Posts Tagged ‘russia’

18
November 2015

Boris and Sergei Believed in a Brighter Future for Russia

Boris Nemtsov, the Russian politician, was assassinated near the Kremlin on 27 February 2015.

Sergei Magnitsky, a Russian lawyer, uncovered the largest publicly-known corruption case in Russia involving the theft of $230 million, testified about it naming complicit officials. Sergei was arrested by some of the implicated officials, held for 358 days in pre-trial detention in torturous conditions, and killed in Russian police custody on 16 November 2009.

On the 6th anniversary of Sergei Magnitsky’s murder, 16 November 2015, the Sergei Magnitsky Human Rights Awards were launched. The first Sergei Magnitsky Award for Campaigning for Democracy was awarded posthumously to Boris Nemtsov.


Statement by Bill Browder on the Sergei Magnitsky 2015 Human Rights Award for Democracy to Boris Nemtsov (presented posthumously)

Bill Browder, author of ‘Red Notice’

Boris Nemtsov was a courageous man, and a true friend of the Magnitsky Justice campaign. He was a steadfast supporter of our initiative to impose targeted Western sanctions on Russian officials involved in human rights abuse and corruption.

Boris shamed weak Western diplomats who tried to appease the Russian leader, because he was convinced that the sanctions are the necessary, effective and morally right way to stand up to Russian official impunity.

Both Boris and Sergei were optimists and believed in a brighter future for Russia. They show us that Russia produces great people with humanity and integrity.

Their loss is a tragedy for Russia and the world.

The fact that both were killed in cold blood, and in both cases those responsible have not been brought to account, is the call for action.

We cannot bring Boris and Sergei back, but we owe it to them to carry on with our cause, to seek justice in the form of further Magnitsky sanctions on corrupt officials and human rights violators by countries around the world.

#magnitskyawards
billbrowder.com
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17
November 2015

Boris Nemtsov Receives 2015 Sergei Magnitsky Award Poshumously


Zhanna Nemtsova receives her father’s award at the ceremony in London

Boris Nemtsov, the Russian politician, assassinated near the Kremlin in late February this year, was posthumously awarded the Sergei Magnitsky 2015 Human Rights Prize for Democracy. The prize was received by his daughter Zhanna.

Winner of 2015 Sergei Magnitsky Award for Campaigning for Democracy: (Posthumously) Boris Nemtsov.

Boris Nemtsov, the Russian opposition leader, winner of the Sergei Magnitsky’s Campaigning for Democracy Award, was a friend of the Justice for Sergei Magnitsky campaign. Boris was one of the strongest voices advocating for the U.S. Magnitsky Act and the implementation of Magnitsky sanctions in Europe, calling them “the most powerful instrument of pressure on killers and cleptocrats.” (see at 27 min of Youtube video of Nemtsov’s interview.

On 27 February 2015, just two days before he was planning to lead on 1 March 2015 the “March Spring,” a large anti-Putin demonstration in Moscow to protest against the Russian war against Ukraine, and three hours after his live appearance at an independent radio station calling for his supporters to join him, Boris Nemtsov was assassinated next to the Kremlin.

In his last live interview, Boris Nemtsov stated his belief that a large showing of people at the demonstration he was planning to lead, could bring a political change in Russia. He said: “If many people come to demonstrate, this will bring change. This march could be a turnaround point. It could make Kremlin sober. And gradually we will be able to achieve a change in the political course.” (see at 44 min. Youtube video).

The Sergei Magnitsky’s Award for Campaigning for Democracy was received by Nemtsov’s daughter, Zhanna, and presented by Mikhail Khodorkovsky, one of the longest serving political prisoners in modern Russia.
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16
November 2015

On 6th anniversary of Magnitsky’s death, Photo of Boris Nemtsov Calling for Justice is Published

Boris Nemtsov calling for Justice for Sergei Magnitsky. Photo published by Ludmila Volkova on the 6th anniversary of Sergei Magnitsky’s death
“Nemtsov Most”

263d day after the murder of Boris Nemtsov is marked on the 6th anniversary of Magnitsky’s death

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28
January 2015

Bill Browder: the Kremlin threatened to kill me

The Guardian

I’m due to meet Bill Browder at Mari Vanna, a favourite hangout for rich Russians in Knightsbridge. But when we get there the restaurant, with its rustic dacha-style Russian decor, leaves us both feeling slightly spooked. So we wander across the road to an anonymous sushi bar. Browder’s reluctance to avoid bumping into anyone with Kremlin connections is understandable. As he explains, matter-of-factly: “They [the Kremlin] threatened to kill me. It’s pretty straightforward.”

American-born Browder is one of Vladimir Putin’s most prominent critics. For over a decade he lived in Moscow and ran the most successful investment fund in Russia. Initially, he was a fan of Putin’s. But in 2005 he was deported from the country. A corrupt group of officials expropriated his fund, Hermitage Capital, and used it to make a fraudulent tax claim. They stole $230m (£153m).

Stuck in London, Browder hired a team to fight his case. The same Russian officials arrested his lawyer, Sergei Magnitsky, after Magnitsky uncovered the money trail and made a complaint. They put Magnitsky in jail and refused him medical treatment. (Magnitsky suffered from pancreatitis and gall stones.) After he had spent almost a year behind bars, guards beat him to death. He was 37 and married with two small boys.

The incident had a transforming effect on Browder. “If Magnitsky had not been my lawyer he would still be alive,” he says. He describes Magnitsky’s death as “absolutely heartbreaking”. “If he hadn’t taken on my case he’d still be enjoying his life, being a father, looking after his wife. A young man whom I was responsible for died in the most horrific way because he worked for me.”

Browder’s memoir, published next week, recounts how Magnitsky’s death changed him from entrepreneur to global human rights crusader. Its title is Red Notice: How I Became Putin’s No.1 Enemy; and it reads like a non-fiction version of a Mario Puzo thriller. There’s a ruthless crime syndicate, a mafia boss – for Michael Corleone read Putin – and a growing tally of bodies.

Ever since Magnitsky’s murder in 2009 Browder has waged an extraordinary campaign to bring the officials to justice. Not in a court of law – there’s no prospect of a trial inside Russia – but in the wider court of international public opinion.

After footslogging round Washington, Browder succeeded in persuading US Congress to pass a groundbreaking Sergei Magnitsky law. The 2012 legislation imposed visa bans on the bureaucrats implicated in Magnistky’s murder. It denied them access to US banks. Putin was furious. In 2013 a Russian judge sentenced Browder in absentia to nine years in jail, and, bizarrely, “convicted” the already-dead Magnitsky. The Kremlin sent a Red Notice warrant to Interpol demanding Browder’s extradition. Interpol refused, but Moscow is currently putting together a third extradition bid.

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19
November 2014

Putin Plays Hardball

New York Times

This week marks the fifth anniversary of Sergei Magnitsky’s death in a Russian prison. He was 37 years old, a member of the emerging middle class who worked as a lawyer for a man named Bill Browder, the leader of the largest Russia-only investment firm in the world. Browder’s company, Hermitage Capital Management, started with $25 million during the Wild West-era of early Russian capitalism and had $4.5 billion in assets by the early 2000s.

Over time, Browder became an activist investor of sorts, exposing corruption in Russian companies and trying to make Russian capitalism more transparent. In doing so, he thought, he could both steer Russian companies a little closer to the Western model while also making money for his firm.

But, when Vladimir Putin became the president of Russia in 2000, he and his cronies were not interested in corporate transparency. How could they line their pockets if everything was transacted out in the open? So Browder became persona non grata. After a trip to Britain in 2005, he was refused re-entry. A few fictitious documents later, and Hermitage had $1 billion in “liabilities.” Then, a handful of officials involved in a takeover of Hermitage requested — and received within 24 hours! — a $230 million tax refund. It was a textbook example of the kind of corporate pillaging for which the Putin kleptocracy became infamous.

Browder pleaded with Magnitsky to flee the country, as his other lawyers had done. But Magnitsky insisted on investigating — and speaking out about — the fraud that had taken place. For his troubles, he was imprisoned in 2008. By summer of 2009, he had developed pancreatitis, which went untreated despite his pleas. He died that November. Browder says that when he learned of Magnitsky’s death, it was “the worst news I had ever received in my life.”

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19
March 2014

Why London turns a blind eye to Russia’s adventurism

The Guardian

Threats to Russia over its actions in Ukraine are undermined by the warm welcome its billionaires continue to receive in the west.

The kleptocracies that have replaced the old Soviet empire are vulnerable, I wrote on these pages as the Ukraine crisis began. The freezing of their assets was a non-violent response to the threat to the integrity of a sovereign state that had not committed genocide or developed weapons of mass destruction; that had not threatened to invade a neighbour or provided any other casus belli beyond having a revolution against a fantastically corrupt government.

We might have threatened Putin’s elite support and made his backers realise that they had to choose between supporting Russian adventurism or holding on to their loot. I believed we had a fair idea of what their choice would have been.

Russia is exposed. Putin’s central bank estimated that two-thirds of the $56bn moved out of Russia in 2012 might have been the proceeds of crimes, bribes to state officials and tax fraud. English bankers and lawyers, British and Dutch tax havens in the Caribbean, and estate agents in Mayfair, the Cote d’Azur and Manhattan launder the loot.

Never mind asset freezes and visa bans; a vigorous investigation into immoral earnings by the European and north American authorities would have spread panic among the crime bosses. David Cameron sniffed weakness. He warned Moscow at the beginning of March that Russia would pay “significant costs” if it did not back down.

The crisis escalates today as Crimea votes on an anschluss with Russia under the eyes of Putin’s troops. The failure to date to impose sanctions on or make believable threats against Russian assets tells us much about Britain and the wider west, none of it flattering.

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04
March 2014

Why Russia No Longer Fears the West

Politico

The West is blinking in disbelief – Vladimir Putin just invaded Ukraine. German diplomats, French Eurocrats and American pundits are all stunned. Why has Russia chosen to gamble its trillion-dollar ties with the West?

Western leaders are stunned because they haven’t realized Russia’s owners no longer respect Europeans the way they once did after the Cold War. Russia thinks the West is no longer a crusading alliance. Russia thinks the West is now all about the money.

Putin’s henchmen know this personally. Russia’s rulers have been buying up Europe for years. They have mansions and luxury flats from London’s West End to France’s Cote d’Azure. Their children are safe at British boarding and Swiss finishing schools. And their money is squirrelled away in Austrian banks and British tax havens.

Putin’s inner circle no longer fear the European establishment. They once imagined them all in MI6. Now they know better. They have seen firsthand how obsequious Western aristocrats and corporate tycoons suddenly turn when their billions come into play. They now view them as hypocrites—the same European elites who help them hide their fortunes.

Once Russia’s powerful listened when European embassies issued statements denouncing the baroque corruption of Russian state companies. But no more. Because they know full well it is European bankers, businessmen and lawyers who do the dirty work for them placing the proceeds of corruption in hideouts from the Dutch Antilles to the British Virgin Islands.

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04
March 2014

Exiled Fund Chief: U.S. Should Sanction Russians With ‘Magnitsky List’

Wall Street Journal

The U.S. should sanction Russian officials involved in the Ukraine military campaign by using a 2012 U.S. human-rights law named for a dead Russian whistleblower, according to one of his former colleagues.

The Magnitsky Act lets the U.S. freeze the accounts of Russian citizens placed on a list of suspected human-rights abusers and fine companies that do business with anyone on the list.

The law was named after Sergei Magnitsky, a tax lawyer for an international investment fund in Russia who earned the ire of Russian officials after he accused police and tax officials of stealing $230 million. His death in prison in 2009 at the age of 37, under suspicious circumstances, stirred an international uproar.

The Obama administration, which was seeking to “reset” relations with Moscow, initially opposed the law but signed it in December 2012 in conjunction with a measure giving Russia permanent normal trade relations after the country joined the World Trade Organization.

The U.S. administration put 18 Russians on the list last year, many with direct links to Mr. Magnitsky’s death, but hasn’t added any new names this year, disappointing Russia’s critics. The Kremlin responded to the law by preventing Americans from adopting Russian children.

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04
March 2014

The man behind the Magnitsky Act explains why now is the time to go after the Russian elite’s assets

Washington Post

As much as everyone is very mad at Russia right now for its actions against Ukraine, it still isn’t exactly clear what will happen next. Might the United States and Western Europe send troops into battle against Russia? Even if Russia weren’t a nuclear power, that seems incredibly dangerous.

Instead, the discussion is moving to economic measures, with the Obama administration saying it is “highly likely” they will use sanctions against Russia.

However, at least one person is arguing that there may be another option, one that could zero in on the interests of the Russian elite more accurately without hurting the Russian public in general: a 2012 human rights law known as the Magnitsky Act.

“This is exactly what the Magnitsky Act was created for,” Bill Browder, founder of the investment fund Hermitage Capital Management explained in a phone call from his London base Monday morning. For Browder, his link to the act isn’t just political — it’s also personal. The man for whom “the Magnitsky Act” is named worked for him.

The story of the Magnitsky Act began in 2008, when Sergei Magnitsky, a Moscow-based lawyer working for the Hermitage Fund, testified in a Russian court that he had uncovered a huge scam by top police officials. According to Magnitsky, the officials had embezzled $230 million in taxes from money that Hermitage Fund companies had paid in 2006, with corrupt police officers using stolen corporate seals and documents seized in a 2007 raid on Hermitage’s Moscow offices to set up fake companies under the same names, and then used these fake companies to get a tax rebate.

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